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 Video: What is a Stock Split?
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| Fortinet, Inc. provides an integrated platform, the Fortinet Security Fabric, that spans networking, unified Secure Access Service Edge (SASE) and AI-driven security operations to deliver cybersecurity where customers need it. It offers solutions to enterprises, such as in the financial services, retail and operational technology market verticals, communication and security service providers, government organizations and small and medium-sized businesses. Its Secure Networking solutions focuses on the convergence of networking and security via its network firewall and its switches, access points and other secure connectivity solutions. According to our FTNT split history records, Fortinet has had 2 splits. | |
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Fortinet (FTNT) has 2 splits in our FTNT split history database. The first split for FTNT took place on June 02, 2011. This was a 2 for 1 split, meaning for each share of FTNT owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. FTNT's second split took place on June 23, 2022. This was a 5 for 1 split, meaning for each share of FTNT owned pre-split, the shareholder now owned 5 shares. For example, a 2000 share position pre-split, became a 10000 share position following the split.
When a company such as Fortinet splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the FTNT split history from start to finish, an original position size of 1000 shares would have turned into 10000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Fortinet shares, starting with a $10,000 purchase of FTNT, presented on a split-history-adjusted basis factoring in the complete FTNT split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
12/09/2014 |
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| End date: |
12/06/2024 |
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| Start price/share: |
$5.57 |
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| End price/share: |
$99.21 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
1,681.15% |
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| Average Annual Total Return: |
33.37% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$178,066.21 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 06/02/2011 | 2 for 1 | | 06/23/2022 | 5 for 1 |
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